Pantera Capital Plans $1.25 Billion Fundraise For Solana Co., Turning Nasdaq Firm Into Top SOL Treasury
Pantera Capital is planning to raise $1.25 billion to convert a Nasdaq-listed company into a leading SOL treasury firm that’s tentatively called Solana Co. That’s a ccording to a report from The Information, which said the crypto fund manager aims to raise an initial sum of $500 million, followed by another $750 million via warrants. Warrants are agreements that give a capital provider the right to buy company stock in the future at a price established when the warrants were issued. If the $1.25 billion is raised and Solana Co. is created, it would mark the largest dedicated effort so far toward creating a SOL treasury firm. Pantera Capital is preparing a massive $1.25B raise to create a Solana-focused treasury firm, starting with $500M in equity and $750M in warrants. If successful, this entity could hold more SOL than all existing public corporate treasuries combined. At the same time, firms like… pic.twitter.com/vGHv47vypK — ApeWitch (@ape...